Economy Congress to cut PSBs to 6-8 from 18 to fortify banks Updated : April 03, 2019 04:33 PM IST The Congress has also promised to abolish the redundant Banking Board Bureau. The Congress plans to encourage state governments to revive the State Financial Corporations (SFCs) to provide long-term credit and risk capital to MSMEs. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.